If the price elasticity of demand for a good is 0.43 an increase in the price of the good will result in____________

smartestkeed

2 years ago

the correct answer is net gain

Odang34

1 year ago

my school is the worst cbt practice i have seen

colikstan

3 years ago

0.430 = inelastic
Greater ∆p = small ∆Qd
A net gain is made since the gains value can't be calculated

Duabiz

7 years ago

answer is D
it's price inelastic
an increase in the price will result into an increase in the revenue

Derrickde1st

1 year ago

i think ill stop using this my school cus ur answers are totally misleading